A US tax on imported Brazilian oranges helps raise their prices so that they are similar to the cost of oranges grown in Florida.
Answer:
The statement tariffs explain that high priced imported goods and low priced domestic goods best explain how a tariff can protect a nation's businesses.
Explanation:
The government imposes tariffs on the goods coming from outside the country to make the prices of these goods rise considerably.
This makes international goods unaffordable to many and promotes domestic buyers to go for domestic goods. This step of the government helps domestic businesses save themselves from the domination of international businesses.
